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nd do get rebuilding, economy benefits from that, but net, net, the economy is in a worse place. natural disasters are bad for the economy, not good. >> susie: you heard in erica's remit some businesses t are going to a benefit, maybe hox*echl builders and cuk companies. if you look at the economy, who are the winners and losers in terms of various sectors? >> well,erehere's more losers than winners. the losers would he the restaurants, they're not going to serve meals that aren't getting served. airlines, trucking companies, you know, the casinos fnlt fshs services. and ncretaried to trading is shut down for a couple of days, never get that back. the winners are clear. the homebuilders, home improvemt, you mentioned home depot and loews and hardware stores. online retailers might benefit because department storesov are closed. so some winners, but on net, more losers than winners. >> susie: so what do you see net, net, the economic impact. we know the economy has been weak and muddling along. what does sandy do to the economic numbers near the close of the year. >> obviously thi
nd do get rebuilding, economy benefits from that, but net, net, the economy is in a worse place. natural disasters are bad for the economy, not good. >> susie: you heard in erica's remit some businesses t are going to a benefit, maybe hox*echl builders and cuk companies. if you look at the economy, who are the winners and losers in terms of various sectors? >> well,erehere's more losers than winners. the losers would he the restaurants, they're not going to serve meals that aren't...
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major funding or the pbs newshour has been provided by: di ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. io >> woodruff: the u.s. death toll from the giant storm named sandy has risen to at least 63 today. about 6.5 million homes and businesses are still without electricity though there were signs of daily life returning to its usual rhythm in some ples. a familiar sound returned to lower manhattan streets last night. ( horns honking ) the power did not. police helped direct traffic with signals still dark, but one taxi driver said it wasn't worth the risk. >> it's been dangerous. i've got to go home, i'll walk. there's no traffic signal light, no nothing there. >> woodruff: you're going home? you're done? >> i'm done already. >> woodruff: it wasn't much easier for pedestrians who made their way on foot, some with only flashlights l
major funding or the pbs newshour has been provided by: di ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. io >> woodruff: the u.s. death toll from the giant storm named sandy has risen to at least 63 today. about 6.5 million homes and...
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saying he can solve all of our problems all of the economy's problems it's just not only absurd it's a. good member i want if you remember oh yes oh. oh shoot. it's important to remember as they sit in their ivory towers as debt accumulates and politicians isolated from the real problems they're purportedly trying to solve like unemployment day to day we have the news cycle of jobless claims consumer confidence payroll numbers with very little sense of how this all fits together and what it all really means so here to help us take stock is bill bond arie's best selling author of many books and founder of a gora so thank you so much for being here it's really nice we've been wanting to get you in this seat for a long time now pleasure being here oh well that's nice of you to say so let's talk about this because looking at the u.s. economy and people trying to figure out where it's going and if it's improving they look to different things they look to what politicians are saying on the campaign trail what plan they may have depending on who wins they look at economic indicators today w
saying he can solve all of our problems all of the economy's problems it's just not only absurd it's a. good member i want if you remember oh yes oh. oh shoot. it's important to remember as they sit in their ivory towers as debt accumulates and politicians isolated from the real problems they're purportedly trying to solve like unemployment day to day we have the news cycle of jobless claims consumer confidence payroll numbers with very little sense of how this all fits together and what it all...
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but the gabonese economy, based on oil revenue, was fragile. from 1986, the fall in oil prices combined with the fall in the dollar rate brought a serious financial crisis. the state, which had launched an ambitious policy of investments, found itself heavily indebted and was unable to meet its commitments. the great schemes for improvement were interrupted, particularly at libreville, where today public services and utilities are clearly inadequate. it is estimated that 80% of the capital's population are housed in badly-equipped living quarters without basic public amenities. this is the case ofhe matitis areas, which are situated on low-lying ground and are regularlflood the rainy season. ( speaking french ) translator: over there, there's a river. this river is blocked up. the water does not flow anymore, because there are houses that block it. that's why there are floods. got to get rid of the water. a t city of bs. why e city oes? because we are all piled u on top of one anothe narrator: most of the inhabitants come from rural areas. they
but the gabonese economy, based on oil revenue, was fragile. from 1986, the fall in oil prices combined with the fall in the dollar rate brought a serious financial crisis. the state, which had launched an ambitious policy of investments, found itself heavily indebted and was unable to meet its commitments. the great schemes for improvement were interrupted, particularly at libreville, where today public services and utilities are clearly inadequate. it is estimated that 80% of the capital's...
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markets turned their attention back to the economy today; investors and traders liked what they heard. americans are feeling the most optimistic they have been in nearly five years about their finances and the outlook for the economy. the conference board's confidence index jumped to a reading of 72.2 last month. driving that gain, an improving job market. new ai for unemployment insurance fell by 9,000 in the past week to 363,000, showing modest improvement in the jobs picture. we'll have more on jobs in a moment. as for stocks, the dow gained 136 points, the nasdaq was up 42, the s&p adding 15. >> susie: but economists say that encouraging report on jobless claims and the confidence survey were collected before hurricane sandy. meanwhile, the effects of the monster storm are paralyzing much of new jersey and new york city here's an update: fr and a ha mlion pple are still without power, and it could take another ten days before power is restored. limited flights have resumed at all of the airports in the new york area. public schools are still closed in the city, as well as many sch
markets turned their attention back to the economy today; investors and traders liked what they heard. americans are feeling the most optimistic they have been in nearly five years about their finances and the outlook for the economy. the conference board's confidence index jumped to a reading of 72.2 last month. driving that gain, an improving job market. new ai for unemployment insurance fell by 9,000 in the past week to 363,000, showing modest improvement in the jobs picture. we'll have more...
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economy. right now only 45% say they approve. 52% disapprove. in october of 2010 i guess, the numbers were slightly lower for the president. i'm sorry, in terms of the disapproval number. 61%. so it is getting better, but still he is not looking too good when it comes to his handling of the economy. >> no and that is the number one issue of this election. so the fact that it is so close and those numbers are so bad for the president, actually a good sign for the president because those numbers are not good. in 2009, president obama mocked republicans. said they're always trying to make this mess and give me the economy and then he took ownership. said, give it to me. i will own the economy. that is the big issue of this election and that is why republicans say at the last moment undecided voters are going to go toward mitt romney. jon: interesting too that mitt romney's favorable ratings have come up. that is another poll we didn't have time to get to today but the president's people had sort
economy. right now only 45% say they approve. 52% disapprove. in october of 2010 i guess, the numbers were slightly lower for the president. i'm sorry, in terms of the disapproval number. 61%. so it is getting better, but still he is not looking too good when it comes to his handling of the economy. >> no and that is the number one issue of this election. so the fact that it is so close and those numbers are so bad for the president, actually a good sign for the president because those...
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monitor what he's saying about the economy. help support for the red cross to deal with the aftereffects. we weren't trading for couple of days. it finally resumed today. it was bumpy. mayor bloomberg was there. euro next it was a bumpy affair, but they get through it. did they really need to go through all of this? as you know, we have questions. this global capitol, the markets were sidelined for a bad storm, but a storm. weill talk tough mark manson about that. what do you think of that? is to look good. shut down. just quieted in the middle of the storm for today's. >> i think it was actually the right thing to do. these market makers and traders make their money when there is action going back and forth. this showed tremendous restraint secondly, the average investor needs to be looking to income of 20 years down the road with building their portfolio. given any today time friend, this not calling to be a deal breaker. certainly i think that as far as having to respect, i think we will lose more respect by having massive d
monitor what he's saying about the economy. help support for the red cross to deal with the aftereffects. we weren't trading for couple of days. it finally resumed today. it was bumpy. mayor bloomberg was there. euro next it was a bumpy affair, but they get through it. did they really need to go through all of this? as you know, we have questions. this global capitol, the markets were sidelined for a bad storm, but a storm. weill talk tough mark manson about that. what do you think of that? is...
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weak economy. the market is now open, where are we? we're up about 20, 30 points as expected and puts the dow at 13-1 five days to the election and we're going to call these sandy stocks, these are stocks receiving a lot of attention, they're moving because of the storm and we're going to start with gen-rack, and makes home generators, that took off a little bit and up more today. earthmovers, the going to dig us out and rebuild and caterpillar closed up yesterday, a little more today. home depot, how many are shopping this to start making repairs. stock up yesterday and today. travelers, a dow componentttook a hit yesterday and down a little more today. so, the trends of yesterday continue in this post sandy period. to nicole, exxon, they reported lower profits that are better than expected, apparently. when exxon reports, you have to ask how much they pay in tax, i've got a number. 24.2 billion dollars in a quarter. so what's the stock doing? >> the stock is to the down side, down nearly 1%. and the issue with dow component exxon is
weak economy. the market is now open, where are we? we're up about 20, 30 points as expected and puts the dow at 13-1 five days to the election and we're going to call these sandy stocks, these are stocks receiving a lot of attention, they're moving because of the storm and we're going to start with gen-rack, and makes home generators, that took off a little bit and up more today. earthmovers, the going to dig us out and rebuild and caterpillar closed up yesterday, a little more today. home...
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it will not affect the ream economy over -- real economy over any long run. lou: our hearts go out to those who suffered so much damage and devastation, and losses. and those who lost loved ones. this is a very tough time, and it is almost impossible to judge what the impact will be, psychically on the nation. andn terms of the politics. give us your best assessment there. >> well, i don't think it will have much of an affect on politics, both candidates handled themselves well. president oba of presidential, and did these duties correctly. i don't think that mitt romney any anything wrong. he was very respectful of the storm and respectful of the people. i think they both handled themselves as well as they could. they did a fine job. lou: latest fox poll, we have candidates tied up. as we are now -- >> it is amazing. lou: approaching 5 days from the election. this is going to -- this is going to turn -- is it? on benghazi? or is it going to turn on jobs in the economy? or a mad mixture there of? >> i hope jobs in the economy. i am terrified about what is goi
it will not affect the ream economy over -- real economy over any long run. lou: our hearts go out to those who suffered so much damage and devastation, and losses. and those who lost loved ones. this is a very tough time, and it is almost impossible to judge what the impact will be, psychically on the nation. andn terms of the politics. give us your best assessment there. >> well, i don't think it will have much of an affect on politics, both candidates handled themselves well. president...
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a very big impact expected on the economy. the labor department releasing the final weekly jobs report before the presidential election. it shows 358,000 americans filing for first time jobless benefits. that is drop of just 9000. take a look back so you can keep it into perspective there is look since the start of the recession. we have little change since january when weekly jobless claims dropped to 360,000. tomorrow we get the last big monthly jobs report as the october number comes in. let's bring in fox business network stuart varney for a look at this. good mornings, stuart. what lies ahead? >> that is a difficult question to answer. looking at the numbers we received today from a couple of reports you can probably say tomorrow 8:30 eastern time there were roughly, 120,000 new jobs created last month. that is a very rough estimate looking at today's numbers. now let me go into today's numbers, they are politically loaded because they present a snapshot of the economy right before the election. they're going to be intens
a very big impact expected on the economy. the labor department releasing the final weekly jobs report before the presidential election. it shows 358,000 americans filing for first time jobless benefits. that is drop of just 9000. take a look back so you can keep it into perspective there is look since the start of the recession. we have little change since january when weekly jobless claims dropped to 360,000. tomorrow we get the last big monthly jobs report as the october number comes in....
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what else is becoming a drag in terms of uncertainty on in economy and the market? >> i think right now markets are too complacent about the fiscal cliff. a lot of people assume things are going to get worked out. once again, the congress will find a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not less. it may take longer to work this out than many people expect. indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it
what else is becoming a drag in terms of uncertainty on in economy and the market? >> i think right now markets are too complacent about the fiscal cliff. a lot of people assume things are going to get worked out. once again, the congress will find a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not...
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it's bad for the economy. . i think it's immoral for us to pass on debt like that to our kids and i will get america on track to a balanced budget. [applause] and number five, is to be a champion of small business, help small business grow and thrive. by the way, i didn't study small business alone. i've lived small business. i know how business works and i want to use that experience and that skill to help small businesses across the country. and there are a lot of ways to do that. let me mention just a couple. one relates to our taxes. do you realize that the taxes paid by a small business in america can be as high as 35%, that's the income tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate tax, sales tax, well you can find small businesses spending as much as 50% of what they earn on government, on taxes. and as a result of that you have a lot of people saying why would i start a business if i'm lucky enough to have it successful the government is going to tak
it's bad for the economy. . i think it's immoral for us to pass on debt like that to our kids and i will get america on track to a balanced budget. [applause] and number five, is to be a champion of small business, help small business grow and thrive. by the way, i didn't study small business alone. i've lived small business. i know how business works and i want to use that experience and that skill to help small businesses across the country. and there are a lot of ways to do that. let me...
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lori: first address this issue how your respondents view the economy. that is significant leg down in terms of how bullish they are. >> i would say so. it is rare to see a poll below 50% bulls. extraordinary to see a poll where bearish contingent effectively doubles and i think people are very worried about the economy and the money managers are worried about washington, they're worried about a lot of things. melissa: if you look at the breakdown how they invest in light of that, especially by sector it is interesting to see that they're a big group, thinks that financials are the best place to put their money. also a big group thinks it is the worst place. how can they be sort of so divided on financials and sew focus on them at the same time. >> that is good thing. people that sell have people that want to buy. that is a great point. what do they say about financials? why do you think they are so focused, folks who liked them, what did they say about it? >> they feel the financial sector has a lot of problems now under control. certainly different fro
lori: first address this issue how your respondents view the economy. that is significant leg down in terms of how bullish they are. >> i would say so. it is rare to see a poll below 50% bulls. extraordinary to see a poll where bearish contingent effectively doubles and i think people are very worried about the economy and the money managers are worried about washington, they're worried about a lot of things. melissa: if you look at the breakdown how they invest in light of that,...
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we improve domestic conditions and lendings to the uk economy. so perceived to be a good thing. >> will, thanks very much. >> you can see lloyds at the top of the basket for the ftse today. a couple pay tv operators reporting numbers today. the share price popping 3%. revenues up 4%. earnings up 16%. this is on on the back of price increases. also trying to push out more products signing up more people to its offerings. but it has a bit of a pop. bp also reporting as well today and its response has been positive out there, up 3.#%. in terms of its numbers, not positive on the earnings front. some pressure from european countries. but they did slash costs further, so it's maintained their numbers. seen as a bit of a relief out there on the markets. let's move on to the oil and gas sector. share price responding with a 1% move to the up side. $7.14 billion. but the market numbers that investors have been looking at, current cost of supplies at $6.1 billion. the market expecting a little bit higher 6.31. the run the green continues today, but also i
we improve domestic conditions and lendings to the uk economy. so perceived to be a good thing. >> will, thanks very much. >> you can see lloyds at the top of the basket for the ftse today. a couple pay tv operators reporting numbers today. the share price popping 3%. revenues up 4%. earnings up 16%. this is on on the back of price increases. also trying to push out more products signing up more people to its offerings. but it has a bit of a pop. bp also reporting as well today and...
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those issues and more tonight from ralph nader also the wealthy elite of wall street have crashed our economy devastated the middle class and created unprecedented levels of inequality how and why that america become so subservient to our nation's billionaires also later in the show we'll have your take my take a live segment your chance to call in live and ask a question or make a comment on the air so stay tuned to find out when to call in for your trials the other big picture. you need to know this you wonder how a man who's been lying to the american people for over a year arguably over eight years has offshore bank accounts pays a lower tax rate on his hundreds of millions of dollars than most working americans how this guy is somehow neck and neck in the polls to be present the united states want to answer a lot of corporate money tragically thanks to all that money neither barack obama or mitt romney are talking about the issues that really affect all of us the most and about the solutions that can save this nation but my next guest has devoted literally devoted his life to talking abo
those issues and more tonight from ralph nader also the wealthy elite of wall street have crashed our economy devastated the middle class and created unprecedented levels of inequality how and why that america become so subservient to our nation's billionaires also later in the show we'll have your take my take a live segment your chance to call in live and ask a question or make a comment on the air so stay tuned to find out when to call in for your trials the other big picture. you need to...
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and not blaming him but he wants it to be about the economy. lou: that is his choice. >> the national media made a choice to roll over to be a pink poodle in the lap of this administrations. >> i apologize you don't like my word cover-up after eight weeks the press and refuses to a college to is responsible to take responsibility and to dodge a simple question and at y straight forward to the american people about a video on youtube. joe, that is the stuff of a cover-up. they do. much more on the homestretch and what to expect leading up to election day. >> in the aftermath of hurricane sandy, a gasoline shortages and shorter tempers. of the east coast struggles to recover. the first day of a new trading month and wall street response with a triple digit rally. what drives the market higher? tonight. lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be y
and not blaming him but he wants it to be about the economy. lou: that is his choice. >> the national media made a choice to roll over to be a pink poodle in the lap of this administrations. >> i apologize you don't like my word cover-up after eight weeks the press and refuses to a college to is responsible to take responsibility and to dodge a simple question and at y straight forward to the american people about a video on youtube. joe, that is the stuff of a cover-up. they do....
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>> it is definitely going to have an impact on the economy. today we got a read on the economy ahead of sandy giving us really a baseline. that baseline was a little bit better than economists originally thought. at almost every count. perhaps the miss here -- what a nice graphic they made. perhaps the miss there was because they don't know how to estimate the new methodology. but that was better than expected. claims a little bit better than expected. ism above expectations also. construction spending powered by residential spending. government spending was tailing off there. consumer sentiment missed, but that was better than it was in the prior month. take a look at the ism manufacturing index in detail. we had this swoon, june, july, august, now it's popped back up above 50 for two months in a row. early to call a trend but good signs the sector ahead of sandy w was. as we've been talking about, sandy devastating a big swath of the country. folks, we're talking about the 12 to 15 states involved here representing about one-quarter of the n
>> it is definitely going to have an impact on the economy. today we got a read on the economy ahead of sandy giving us really a baseline. that baseline was a little bit better than economists originally thought. at almost every count. perhaps the miss here -- what a nice graphic they made. perhaps the miss there was because they don't know how to estimate the new methodology. but that was better than expected. claims a little bit better than expected. ism above expectations also....
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economy. so thank you, erick. [applause] >> thank you. it's great to be here. h let me just quickly introduce our panelists. please have a seat. to my immediate left is grady burnett who's vice president of global marketing at facebook and lived in ann arbor for many years, so he's a local. mark hatch is the ceo of tech shop which has a recent facilita that opened up here not too far from the airport, we'll be talking about what we do there. danae ringelmann is the co-founder and coo of indiegogo, and david ten have is the ceo of ponoko which is a very interesting platform for manufacturing. what we're going to talk about today is the do-it-yourselfy, economy and how, how different h tools have become available to entrepreneurs beyond just whatav we've become accustomed to in the internet world. so the cost of producing a start-up, you know, has declined dramatically in the past decade, and we've seen this flowering of internet and mobile start-ups. but we're also starting to see many of those
economy. so thank you, erick. [applause] >> thank you. it's great to be here. h let me just quickly introduce our panelists. please have a seat. to my immediate left is grady burnett who's vice president of global marketing at facebook and lived in ann arbor for many years, so he's a local. mark hatch is the ceo of tech shop which has a recent facilita that opened up here not too far from the airport, we'll be talking about what we do there. danae ringelmann is the co-founder and coo of...
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shady businesses fly by day no contest to brazen no theft to audacious for today's ponzi and fraud economy the private and central bankers operate in broad daylight stacey max it's all out there for you to see it's not very difficult to see what's going to happen this fiscal cliff is actually in economic and central banking banks are banking cliff that we're approaching the first headline max database confirms max keiser guessed statement so this is regarding dominic frisby when he told you the story of having dinner with the head of gold at h.s.b.c. through which most gold in the world is transferred at some point or other and this head of gold at h.s.b.c. told him that despite the fact that china is the biggest producer he never sees bars with the chinese stamps on them so the bully on bar is database search found that in the database i found zero matches for chinese manufactured gold bars in the g.l.d. records and also extended the query to see if other vaults had any i was mildly surprised to find none surprising because our current gold sample size includes data from not just h.s.b.c.
shady businesses fly by day no contest to brazen no theft to audacious for today's ponzi and fraud economy the private and central bankers operate in broad daylight stacey max it's all out there for you to see it's not very difficult to see what's going to happen this fiscal cliff is actually in economic and central banking banks are banking cliff that we're approaching the first headline max database confirms max keiser guessed statement so this is regarding dominic frisby when he told you the...
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the corporatist economy is a bailout stimulus economy those instilled by your hero f.d.r. in the new deal we have a totally fascist economy the fly by the corporations it's us forced democracy that we live in nobody songs out of the interest of the candidates you know i actually applaud the republicans in the senate for making sure that president obama did not hurt our economy and didn't earn america any more than he did and i just fear what a second term look like so you'd like there ok going to as i say later i started this and thanks for joining me tonight. after the break right now a deadly meningitis outbreak is sweeping across america it is already taking the lives of twenty nine americans and it turns out a tainted laboratory might not be the only cause of the outbreak in iran you the viewer is responsible to. download the official. cellphone choose your language stream quality and enjoy your favorites. t.v. is not required to watch on t.v. only need is your mobile device. any time and. calls fifteen goats to count. kilograms of rice one thousand flatbreads. but why
the corporatist economy is a bailout stimulus economy those instilled by your hero f.d.r. in the new deal we have a totally fascist economy the fly by the corporations it's us forced democracy that we live in nobody songs out of the interest of the candidates you know i actually applaud the republicans in the senate for making sure that president obama did not hurt our economy and didn't earn america any more than he did and i just fear what a second term look like so you'd like there ok going...
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Nov 1, 2012
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the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. septic disasters are disgusting and costly, but avoidable. the rid-x septic subscriber program helps prevent backups by sending you monthly doses right to your door so you will never forget to maintain your system. sign up at rid-x.com. >> eliot: the new york city area has been devastated with dozens of deaths and property damage. many are still without power after the storm and may be so for days or weeks. for more on the local response on the tragedy i'm journeyed with carolyn congressman carolyn maloney from one of the most diverse communities in the country in the borough of queens, and you're my congresswoman. i'm a constituent. >> do you have problems? >> eliot: i have many but i won't belabor them. your district goes down manhattan, a big piece that does not have power. any news from con ed, how have they been responding. >> we've been on daily conference calls. they say the power will be repaired in manhattan in th
the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. septic disasters are disgusting and costly, but avoidable. the rid-x septic subscriber program helps prevent backups by sending you monthly doses right to your door so you will never forget to maintain your system. sign up at rid-x.com. >> eliot: the new york city area has been devastated with dozens of deaths and property damage. many are still without power...
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it is are fred in its own economy. i make the distinction the economy of regime, the capacity to sustain the long term survival the regime on one hand while the middle class, lower class economy of the country is going down. their bet is this. their bet is if they can deploy the cash and invest with people in turkey and as you were mentioning in dubai, those will be protectors and defenders of iranian economy. at the end of the day they want to see at one point, the united states, this administration, next administration say we'll stop the sanctions. let's go to negotiations. everything they lost they could bring it back if they survive the sanctions. melissa: at the end of the y will they end up with nuclear weapon no matter what happens here? >> look if we don't change the policy, look this policy has not stopped them. or we have to partner with the iranian public to topple the regime. there are no third options. unfortunately the obama administration has chosen to wait. if we wait too long they may get the weapon in
it is are fred in its own economy. i make the distinction the economy of regime, the capacity to sustain the long term survival the regime on one hand while the middle class, lower class economy of the country is going down. their bet is this. their bet is if they can deploy the cash and invest with people in turkey and as you were mentioning in dubai, those will be protectors and defenders of iranian economy. at the end of the day they want to see at one point, the united states, this...
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we have everything we need to thrive in this new economy. in this new century and there's not a country in the earth that wouldn't change places with the united states of america. but we have a choice to make. in five days we will choose our next president. and it's more than just a choice between two candidates or two parties. you'll be making a choice between two fund mentally different visions of america. one where we return to the top-down policies that crashed our economy. don't boo, wisconsin. vote. or a future that's built on the strong and middle class. wisconsin, we know what the choice needs to be. we're here today because we believe that if this country invests in the skills and ideas of its people and good jobs and businesses will follow. we believe that america's free market has been the engine of america's progress driven by risk takers and innovators and dreamers, but we also understand that in this country people succeed when they've got a chance to get a good education and learn new skills, and, by the way, go so do the busi
we have everything we need to thrive in this new economy. in this new century and there's not a country in the earth that wouldn't change places with the united states of america. but we have a choice to make. in five days we will choose our next president. and it's more than just a choice between two candidates or two parties. you'll be making a choice between two fund mentally different visions of america. one where we return to the top-down policies that crashed our economy. don't boo,...
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we have much more from foreign policy to the economy. what do voters think of president obama's h h h h h [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. ididide? 320 calories. you're not my dad ahh!! hey honey, back feels better, little dancing tonight, you and me? dr. scholl's pro inserts relieve different types of lower body pain by treating at the source so you're a whole new you. go pro with dr. scholl's. humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else mes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>. >> greta: both campaigns, they got to object edge as they waited for friday's job numbers report before the election. the
we have much more from foreign policy to the economy. what do voters think of president obama's h h h h h [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. ididide? 320 calories. you're not my dad ahh!! hey honey, back feels better, little dancing tonight, you and me? dr. scholl's pro inserts relieve different types of lower...
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Nov 1, 2012
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that will get this economy going. we'll have a very different future when i get elected with your help. [ cheers and applause ] i want you to know i'm confident about the future. i'm optimistic. i think our future is going to be brighter than the past. i know we've had a glorious past as a nation. i know we're going through tough times right now. sometimes we tend to think what we're in is the way it will always be. it's going to change. we need real change. for real change, we're going to have to take a different course. i think that's what americans are going to do on november 6th. i believe that one of the things that will drive this country forward is the character and heart of american people. that's where my confidence comes from. we're a patriotic, hard-working, creative, risk-taking, business-starting, education-seeking people. it's who we are. i have, throughout my life, seen some of the great qualities in the human spirit in the american people i've come to know. there's some stories i love to tell that desc
that will get this economy going. we'll have a very different future when i get elected with your help. [ cheers and applause ] i want you to know i'm confident about the future. i'm optimistic. i think our future is going to be brighter than the past. i know we've had a glorious past as a nation. i know we're going through tough times right now. sometimes we tend to think what we're in is the way it will always be. it's going to change. we need real change. for real change, we're going to have...
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people understood that and he was a better custodian of the economy. but as the economy has started to show signs of getting better and better, mitt romney has had to throw anything at the wall and see what sticks. he's taken to saying that, oh, well, mitt romney's responsible he says for the bailout of chrysler and gm. mitt romney says that the $716 billion that he wanted to take out of medicare is actually the $716 billion that barack obama is going to reduce medicare by. in other words, he is using up his air time and doing whatever he needs to do, saying whatever he needs to say in order to win some voters in one of the crassest displays of duplicity i frankly remember in a presidential campaign. >> professor robert reich, as ever, thank you, sir. as we go to break we wanted to mark the passing of a quiet genius. born in the chicago projects with a unique voice, he produced a sweet combination of folk and jazz, but despite all his skills, the music business proved a hard place to make money. so he put his guitar down and took a job as a computer pr
people understood that and he was a better custodian of the economy. but as the economy has started to show signs of getting better and better, mitt romney has had to throw anything at the wall and see what sticks. he's taken to saying that, oh, well, mitt romney's responsible he says for the bailout of chrysler and gm. mitt romney says that the $716 billion that he wanted to take out of medicare is actually the $716 billion that barack obama is going to reduce medicare by. in other words, he...
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we have much more from foreign policy to the economy. what do voters think of president obama's handling of the economic issues. we have those numbers next. tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schwab etfs. tdd#: 1-800-345-2550 schwab etfs now have the lowest operating expenses tdd#: 1-800-345-2550 in their respective lipper categories. tdd#: 1-800-345-2550 call 1-800-4sc
we have much more from foreign policy to the economy. what do voters think of president obama's handling of the economic issues. we have those numbers next. tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard....
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>> well i think the economy has, is going along fairly well. so many people it seems to me are really worried about europe and a lot of other macro problems in the world, and our own fiscal problems that they've almost gotten their portfolios in too bearish a situation, in a situation where the only way they can succeed is for catastrophe, and that's probably one of the most powerful things about our market is that people, some people are situated that way. but we seem to be, europe seems to be getting a little bit better, and i still think there's a good chance that we will get together and solve our fiscal problems. they're certainly solvable. >> i'd certainly hope so, too. i hope there is some solution to that. emile, what do you see right now? >> i see an extraordinarily tepid recovery in the u.s. if you look at us versus say the reagan recovery, three years into the reagan recovery, employment or gdp growth was between 7% and 8%. there was 700,000 to 800,000 jobs being created per month and so this recovery is essentially a jobless recover
>> well i think the economy has, is going along fairly well. so many people it seems to me are really worried about europe and a lot of other macro problems in the world, and our own fiscal problems that they've almost gotten their portfolios in too bearish a situation, in a situation where the only way they can succeed is for catastrophe, and that's probably one of the most powerful things about our market is that people, some people are situated that way. but we seem to be, europe seems...
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also with the economy which is another big sticking point. we are supposed to have constitutionly -- the congress is supposed to take care of our monetary policy but since we shrugged that off to another entity and it's not doing a good job of it. these are the things i want to get back to doing as a congressman if you will elect me, we will see a lot -- we will see things happen differently in this country. >> let's get to some of the questions, one thing people are wondering about is the economy. 16 trillon dollars in debt. unemployment at 8%, housing market is a mess. what would do you? >> you have to face it by addressing monetary policy. this is something that congress ignores even though we try to fix small things here and there. we are going to mess with this housinmarket, just try to -- increase jobs over here through the government expansion of some sort of program or another. the real thing that boils down is the economy is where the money comes and what it's made of. the fact we have a federal reserve that's about to again do anoth
also with the economy which is another big sticking point. we are supposed to have constitutionly -- the congress is supposed to take care of our monetary policy but since we shrugged that off to another entity and it's not doing a good job of it. these are the things i want to get back to doing as a congressman if you will elect me, we will see a lot -- we will see things happen differently in this country. >> let's get to some of the questions, one thing people are wondering about is...
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he hasshe insists women also need to focus on the economy. >> as we now this economy has had women harder than men. it has been much tougher on them. >> virginia has been the selected site for other major romney messages. he chose emi for his foreign policy address. >> i know the president hope for a safer and prosperous middle east. i share this hope but hope is not a strategy. >> as he did in the debates romney asserts -- inserts the economy into every visit. talking to us after the american legion visit. >> we did not cut our military budget. it will kill 137 jobs in virginia. unacceptable. >> after trailing obama, polls in virginia show the race is a dead heat. >> we need to take back america. it is up to you guys in virginia. >> it has been that way ever since campaign advisor say his first debate performance -- when the candidate came back he showed new confidence. the volunteers were energized and they saw of the bomb in the polls. it remains neck-and-neck in the state. a state mitt romney very much wants to change from blue for barack obama back to read with the win for the republ
he hasshe insists women also need to focus on the economy. >> as we now this economy has had women harder than men. it has been much tougher on them. >> virginia has been the selected site for other major romney messages. he chose emi for his foreign policy address. >> i know the president hope for a safer and prosperous middle east. i share this hope but hope is not a strategy. >> as he did in the debates romney asserts -- inserts the economy into every visit. talking...
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and the export of capital only taking money out of the country which is what's happened to the greek economy the government is in absolute crisis in greece the economy is tottering as much terrible social deprivation it's a terrible time for greek people and they're being very badly treated not just by degree by the whole european financial mismanagement they need to know the truth i don't see how they can get away with prosecuting these people it's actually going to be a very interesting test of freedom in greece not just the press but the courts i would expect that these journalists under the greek version of the human rights legislation that we have in this country that we have throughout europe under the you are going convention and so on will ensure that the court don't control them. from the european union sparked a rebellion in the british parliament problems david cameron's own conservative backbenchers don't the worst defeat since he took power twenty term euro skeptic tories joined forces with the opposition and voted for cutting the u.k.'s cush road to brussels. has got the detail
and the export of capital only taking money out of the country which is what's happened to the greek economy the government is in absolute crisis in greece the economy is tottering as much terrible social deprivation it's a terrible time for greek people and they're being very badly treated not just by degree by the whole european financial mismanagement they need to know the truth i don't see how they can get away with prosecuting these people it's actually going to be a very interesting test...
SFGTV2: San Francisco Government Television
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Nov 1, 2012
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education is the way that we grow our economy. and it is the way that we grow our jobs and to make sure that we invest in all of the future. i was an investment. >> california invested in me and my education. >> mr. bryer, how do we get that great reputation back for great education. >> the first thing is that i agree that we have to fund our schools, first and foremost, that is not enough. we have to improve our school system and my grandfather actually one of the first people that i was told to originate the education code he would be turning over in his grave to see that it was 5,000 pages more than any other state, texas is next with 3,000. we have to have sacramento stop from tying up our schools from making decisions and i think that we have to encourage good teachers and career paths and higher compensations because there are great, talented teachers. we have to have 100 percent transparency in budget and have the schools that are funded. funding so complicated that no one can explain it simply. we have to do a host of meas
education is the way that we grow our economy. and it is the way that we grow our jobs and to make sure that we invest in all of the future. i was an investment. >> california invested in me and my education. >> mr. bryer, how do we get that great reputation back for great education. >> the first thing is that i agree that we have to fund our schools, first and foremost, that is not enough. we have to improve our school system and my grandfather actually one of the first...
SFGTV2: San Francisco Government Television
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i want to focus on our economy. i want to grow job opportunities for the students that are graduating our high schools. they are now graduating, beginning to graduate with requirements. they are totally prepared to take on this high wages, high-paying jobs such as biotech and the tech companies. so, now that they're ready, we have to have the jobs ready for them. and i'm more than willing to work with our business partners to create new jobs. the other thing i i'm going to be focusing on will be that i want to make sure our streets and our homes are safe. i in particular want to spend much of my time making sure that our pedestrians, in particular seniors and little children, are safe when they cross the street. this is very personal to me, very, very personal. six years ago i was hit by a car and almost died and now whenever somebody talks about pedestrian safety, my ears perk up. i am norman yee. i'm running for district 7 supervisor. i will come in with a strong independent voice that district 7 voters want. i wi
i want to focus on our economy. i want to grow job opportunities for the students that are graduating our high schools. they are now graduating, beginning to graduate with requirements. they are totally prepared to take on this high wages, high-paying jobs such as biotech and the tech companies. so, now that they're ready, we have to have the jobs ready for them. and i'm more than willing to work with our business partners to create new jobs. the other thing i i'm going to be focusing on will...
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is that a cost to the economy or is that a negative? what happens here normally is you get a decline in business activity. >> in general, these things are seen as negative for the economy, you can't destroy things and rebuilt them and hope to run a regrowth strategy on th that. >> a lot of this took place on the seacoast and flood insurance usually doesn't cover are that. when you have the initial impact as negative, the recovery is spread out over several quarters and very hard to isolate, the initial impact is very big. and the ones affecting the income side of the equation and having these uninsured losses is going to be -- >> i read one market watcher yesterday, guys, wrote, if your house got flooded, you better hope a tree fell on it first given the way that flood insurance is working right now. >> just to reiterate what steve said, people pay for it one way or the other. people are going to pay for it out of their own pocket or fema is going to come in and pay for it that the people in general end up bearing. >> a transfer of weal
is that a cost to the economy or is that a negative? what happens here normally is you get a decline in business activity. >> in general, these things are seen as negative for the economy, you can't destroy things and rebuilt them and hope to run a regrowth strategy on th that. >> a lot of this took place on the seacoast and flood insurance usually doesn't cover are that. when you have the initial impact as negative, the recovery is spread out over several quarters and very hard to...
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we have a plan to get this economy going. we're going to put it in place to help the american people. [applause] i fundamentally believe in the american people. i believe in america. i believe that america is going to come back if we do what we've done from the beginning which is to unleash the freed ms of the american people and let them pursue their dreams. so my plan is five steps to get this economy going. number one take full advantage of our coal, our oil gas and renewables. this is kind of our economy's ace in the hole right now because someone discovered not just how to drill in the earth but how to go who are santly and tap into packet pockets of oil and gas. by virtue of that technology we can have north earn energy independence within eight years. and that means jobs. that means jobs here in the energy sector as well as in manufacturing. manufacturing uses a lot of energy which and energy here will be abun dent and inexpensive so manufacturing is going to come back. and by the way energy jobs and manufacturing jobs
we have a plan to get this economy going. we're going to put it in place to help the american people. [applause] i fundamentally believe in the american people. i believe in america. i believe that america is going to come back if we do what we've done from the beginning which is to unleash the freed ms of the american people and let them pursue their dreams. so my plan is five steps to get this economy going. number one take full advantage of our coal, our oil gas and renewables. this is kind...
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it is the opposite, the total opposite of free market economi economics. and one of the functions of the utility is to provide shareholders with a decent rate of return which means you can make the infrastructure changes that you can't. you're a victim of government al control. it's the exact opposite of free market economics. >> it's a balance. no question about it. regulators are very sympathetic to utilities needs to enhance the infrastructure, but they have citizens breathing down their neck or want the rates cut or reduced. >> why didn't the markets set the rates? that's what i'm really asking. >> you can't do that with this asset. the thing that gets the juice from the generator on the customer, you can't have duplicate systems. and you would need duplicate systems if you really want that had kind of competition that you just inferred. >> that's what the distribution, but what about the purchase of the power itself. there are ways to deregulate this industry that would present who are competition, isn't there? >> no n. moin most cases there open mark
it is the opposite, the total opposite of free market economi economics. and one of the functions of the utility is to provide shareholders with a decent rate of return which means you can make the infrastructure changes that you can't. you're a victim of government al control. it's the exact opposite of free market economics. >> it's a balance. no question about it. regulators are very sympathetic to utilities needs to enhance the infrastructure, but they have citizens breathing down...
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obama was better on the economy and now it's romney. look, both camps know that new hampshire is is going to get a lot of visitors very soon. >> that's for sure. we've got three more coming over the next four days. i know you're busy in the poll and trying to do our best to make up and do this in the midst of sandy. thank you, sir. >> yeah, my pleasure, chuck. be well. >> all right. turning back now to the destruction that is brought by sandy. the well known city of seaside heights, these pictures have become iconic instead of what used to be ike connick, that roller coaster is sitting in the atlantic ocean. michelle franzen is joining us now. i can only imagine how bad it looks from the air and now you're seeing it up close. >> reporter: yeah. we definitely had a chance to tour here. just to give you a ground look, this is an area where people would normally be walking on the boardwalk in the morning and running, sitting at the park bemp benches. but it's just ripped apart and just the force of the water, we heard stories of how quickl
obama was better on the economy and now it's romney. look, both camps know that new hampshire is is going to get a lot of visitors very soon. >> that's for sure. we've got three more coming over the next four days. i know you're busy in the poll and trying to do our best to make up and do this in the midst of sandy. thank you, sir. >> yeah, my pleasure, chuck. be well. >> all right. turning back now to the destruction that is brought by sandy. the well known city of seaside...
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that's not the real spurt of the economy. that's also short-term. those homeowners who were directly in the path of sandy, and there were tens of thousands of homes that were, they can't begin to rebuild without government help, because many of them live on roads that have vanished. yes, vanished. so many roads need to be rebuilt. not just homes. but government provided infrastructure. it rises to national emergency. while the level of partisanship in politics has been horrendous lately, i don't care what party you're in, the spirit of cooperation we saw today between democratic president barack obama and new jersey republican governor chris christie could produce what could be the biggest public works project in a generation, to meet and entrust that national emergency. remember when president obama was elected, he said he'd put a lot of people to work in shovel-ready job. turned out there weren't that many jobs that were ready in. the wake of sandy, i don't think there are enough shovels ready for up and down the jersey and new york coast. these j
that's not the real spurt of the economy. that's also short-term. those homeowners who were directly in the path of sandy, and there were tens of thousands of homes that were, they can't begin to rebuild without government help, because many of them live on roads that have vanished. yes, vanished. so many roads need to be rebuilt. not just homes. but government provided infrastructure. it rises to national emergency. while the level of partisanship in politics has been horrendous lately, i...
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economy. we're going to see some curtailment in gdp, if commerce in general during this period of time, it will probably have a slight negative blip on october gdp numbers and somewhat into november, as well. i think a lot of what's going on this week, let's wait until friday. friday is a jobs day. this is traditionally low volume week. i was a little surprised that there wasn't a little more volatility in the markets yesterday when they reopened. clearly there would have been a lot of pent up trading it demand one way or the other. and also with the fiscal year end for mutual funds. so clearly people are sort of sitting on their hands and waiting and seeing and we'll see what happens today. >> yesterday relatively smooth one might argue in discovering pricing. how do we trade through today's data? with the employment number out tomorrow, does that still overshadow everything? >> yeah, i think so. the fun thing thing is we're sitting here with this incredible storm which believe me having live
economy. we're going to see some curtailment in gdp, if commerce in general during this period of time, it will probably have a slight negative blip on october gdp numbers and somewhat into november, as well. i think a lot of what's going on this week, let's wait until friday. friday is a jobs day. this is traditionally low volume week. i was a little surprised that there wasn't a little more volatility in the markets yesterday when they reopened. clearly there would have been a lot of pent up...